Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Here’s What Happened

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down before the market opened on Monday . The stock had previously closed at $19.21, but opened at $18.33. Neste OYJ shares last traded at $18.41, with a volume of 794 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Neste OYJ Stock Performance

The stock has a market capitalization of $27.90 billion and a PE ratio of 15.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. The firm has a 50 day moving average of $16.89 and a 200-day moving average of $15.74.

Neste OYJ (OTCMKTS:NTOIY) last issued its earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. Research analysts forecast that Neste OYJ – Unsponsored ADR will post 1.62 earnings per share for the current year.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.